Income tax

This query is : Resolved

Kanhaiyalal Prajapati (Querist)
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21 August 2008 One of client have got a trust which is doing the business other
than religious purpose .I want to finalise the balance sheet of that trust please tell me tax rate applicable for trust in india for the the assessment year 2007-2008
including all deductions.
please post the reply on my email id

CHEZHIYAN

CHEZHIYAN (Expert)
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21 August 2008 Are you going to Finalise Without knowing the incometax rates?

R u sure that your trust is going to pay tax.. or they got Exemption?

visu iyer

visu iyer (Expert)
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21 August 2008 It needs to go though the TRUST DEED..!!

The object of the TRUST is to be studied.. and the business it carries out to be discussed, before answering.. !!

A TRUST is not necessarily to be religious also..

So Please clarify the object of the TRUST; and the business carried by the TRUST

Spot your question clearly to get the apt reply from the experts..

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